Chinese-Owned Luxury Brands Struggle as Rest of Industry Prospers

Despite fears of a global recession and specters of a trade war, the luxury goods industry has had a positive year. While the broader industry prospers, the handful of luxury brands with Chinese parents is facing greater uncertainty.

Pedestrians walk past a Lanvin shop on the Rue du Faubourg Saint-Honore in Paris on Feb. 22, 2018. Chinese conglomerate Fosun, which snapped up the French fashion label in 2018, has failed to turn the business around. Gerard Julien/AFP via Getty Images

News Analysis

The luxury goods industry has had a positive year, even amid the headwinds of worry about a possible global recession and the specter of a trade war.